Data Science seems like another subject or topic that is taught and is practised in the industry. Just as relevant as Digital Marketing or a Sales Position. But the truth is far from being so simple as this. Data Science is anything but simple, but it isn’t needlessly complicated as well. It is a premier subject in that it is required everywhere but not many people know about its importance nor its value.
Companies today have one thing in surplus and that is data. In this online world, data is one thing that is being generated at an amazing pace and companies are now increasingly relying on having someone who can make sense of that data and more importantly, use that data in a constructive way to help companies get better at customer management and to increase their profit margins. Data Scientist, thus becomes an increasingly important job description and role in the world today.
The best part about this role is that it is a highly lucrative role and is prized by companies who are willing to pay handsomely for this role.
Data Scientists can be seen as masters of all trades. From programming to statistics to analysis, they do it all. Their expert analyses of changes in the business cycles, analysing consumer trends, predicting market behaviour and consumer patterns, make the difference between a successful business strategy and a failing one.
Presently, there is huge supply of data to be interpreted, but there is a lack of professionals who can compute this data correctly. This has left a huge gap for proficient candidates to learn the relevant skills and fill this gap. And as such, Data Scientists are increasingly sought after to fill this niche.
In this way, Data Science itself creates the niche in which a good data scientist can place themselves in and have a career which is exciting and has a lot of growth. Freshers can expect themselves to have a salary that is higher in their own level, exceeding the salaries of any other career path out there.
59% of all Data Science and Analytics (DSA) jobs demand are in Finance and Insurance, Professional Services, and IT. Data science helps corporations in BFSI (banking, financial services and insurance), e-commerce, telecom, transportation and many such industries process massive amount of data to leverage their true business decision making potential.
With median salary close to $110,00 in the States, and with companies looking to outsource or rather have establishments in India, professionals stand a good chance to grab this opportunity. Salaries offered in India to Data Scientists are lucrative too. With starting packages ranging from 5 to 8 LPA for freshers and stretching to double figures for experienced professionals, the demand continues to grow for competent Data Scientists.
Python and R were voted the most popular technologies used by Data Scientists as surveyed by Stack Overflow, along with MongoDB stated as the most popular database.
- All these technologies are a result of constant evolution of technologies and continue to grow. R and Python have been extensively used in various fields and with critical proficiency in statistics and analytical reasoning, Data Scientists are considered the hottest engineers in the current market.
- Machine Learning and Artificial Intelligence are some fields are have shown progressive future prospects and Data Scientists are heavily deployed in that.
Online portals have made it easy to become data scientists today. Certain technologies are still not included in the academic institutions, earlier it was hard to acquire these skills. As the state of the academic institutions remain same, online portals have come up to mitigate this gap in skills With online portals, acquiring the relevant skills has become easy for people who are willing to learn.
With Edwisor, you will get an experience that has been tailored to your level. From a fresher to a working professional, the curriculum and mentors cater to every level and mould themselves to individual strengths and weaknesses. With a good pool of hiring partners and past successes, the courses in Data Science and Web Development are a good way someone can aspire to the job role of Data Scientist and get into a very lucrative career path for themselves.
